Why ‘greed’ isn’t to blame for higher prices
Are people greedier here? Recently, I had an op-ed in the Star Tribune arguing that the high housing costs we face in Minnesota are not a problem, but rather a…
Are people greedier here? Recently, I had an op-ed in the Star Tribune arguing that the high housing costs we face in Minnesota are not a problem, but rather a…
In a puzzling statement when he was running for the presidency, now President Joe Biden said “Milton Friedman isn’t running the show anymore.” Quite what he meant by that is anyone’s guess,…
The rate of year-over-year inflation in the United States hit a 40-year high of 7.9 percent in February. In the Midwest, the rate was a touch higher at 8.0 percent, driven in…
The rate of year-over-year inflation in the United States hit a 40 year high in February. The rate of increase was higher in the Midwest than it was for the…
Today, the Bureau of Labor Statistics (BLS) announced that inflation was 0.8 percent in February and 7.9 percent over the year (for the Midwest, the figures were 0.9 percent and 8.0 percent, respectively). This…
Earlier this month, the Bureau of Labor Statistics released figures showing that, over the previous year, prices had risen by 7.5 percent, the fastest year-on-year rate since February 1982. Because…
Last week, I noted that in January, Consumer Price Inflation (CPI) was running at its highest year over year rate since February 1982. This is the inflation figure most familiar…
Today, the Bureau of Labor Statistics (BLS) announced that inflation was 0.6 percent in January and 7.5 percent over the year (the increase was 7.9 percent in the Midwest). This is the fastest…
In the year to December, the Consumer Price Index (CPI) rose by 7 percent, its fastest rate of annual increase since June 1982. “Core CPI” — which excludes more volatile food…
In October, White House Chief of Staff Ron Klain endorsed a tweet claiming that inflation and supply chain issues affecting the United States were “high class problems.” They are not. As I pointed out in December,…
The United States is currently experiencing its fastest rate of inflation, year over year, since mid-1982. Those of you who are old enough to remember that might also remember the…
Minnesotans are having their incomes and living standards squeezed by inflation. The national figures get the headlines, but less known is the fact that the situation is especially bad here.…
Inflation is running at its fastest rate, year over year, since June 1982. Generally, people see this in the form of rising prices. But that is only part of the…
Today, the Bureau of Labor Statistics (BLS) announced that inflation rose by 7.0 percent in the year to November. This is the fastest annual rate of increase since June 1982. Stripping…
Back in July, President Biden said that “no serious economist” was worried about “unchecked inflation.” In October, with inflation still stubbornly high and rising, White House Press Secretary Jen Psaki…
When I started studying for my economics degree in 2007, people’s eyes would glaze over when I told them what I studied. By the time I started my second year…